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CITIZENS CHOICE FEDERAL CREDIT UNION

Mar, 31, 2021 — CITIZENS CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in Natchez, MS with 1 branch location and about $1.12 million in total assets. Opened 55 years ago in 1966, CITIZENS CHOICE FEDERAL CREDIT UNION has about 417 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CITIZENS CHOICE FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 17879
Natchez, MS 39122
Phone:(601) 442-5888
Fax:(601) 442-5857
Website:https://www.citizenschoicefederal.com/
Branches:1 branch locations
Members:417
Credit Union Type:Federal Credit Union
Charter Number:17715
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,115,815
CEO/Manager:Patricia D Smith
Chairperson:Frances Morris

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 591,490
TOTAL INVESTMENTS 9,761
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 149,419
 Other Loans 240,279
 TOTAL LOANS 389,698
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,904
 Land And Building 125,087
 Other Fixed Assets 1,407
 NCUSIF Deposit 7,863
 All Other Assets 3,413
  TOTAL ASSETS 1,115,815
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,376
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 821,490
 All Other Shares & Deposits 100,000
  TOTAL SHARES & DEPOSITS 921,490
  TOTAL LIABILITIES 923,866
 Regular Reserve 34,302
 Other Reserves 0
 Undivided Earnings 157,647
  TOTAL EQUITY 191,949
  TOTAL LIABILITIES, SHARES, & EQUITY 1,115,815
INCOME & EXPENSE  
 Loan Income 12,938
 Investment Income 26
 Other Income 2,637
 Total Employee Compensation & Benefits 11,889
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,710
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,793
 Cost of Funds 893
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -23,684
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